Daqing Yili Dairy Products Co., Ltd. announced that it has received CNY 97,341,800 in a round of funding from returning investor Inner Mongolia Yili Industrial Group Co., Ltd. on January 12, 2022. The company will issue common shares in the transaction. Post the closing of the transaction, the investor will continue to hold 100% stake in the company and the registered capital of the company will increase from CNY 1,500,000,000 to CNY 1,597,341,800.

The transaction was approved in the Extraordinary Meeting of the investor's 10th Directorate and the Extraordinary Meeting of the investor's 10th Supervisory Board held on January 12, 2022, and does not need the shareholders' approval.